Search results

drop the guy/gal you are dealing with and with someone else at ANZ.

You got it dude. Always do IO unless you are not disciplined with your money. Ensure that the proceeds of the funds sits in the new equity release loan account.

No. You will have 2 loans secured against property A and one loan against property B. Instead of 3 loans secured against both properties A and B.

Nah you don't have to touch the existing loan and don't do a top up because you are only going to contaminate the tax deductibility of the loan. Leave the existing loan as is and create a separate loan account with its own unique account number. Both loans will be secured against the existing...

Rubbish. You can access the equity without crossing the properties and its super easy. Have the following set up: Existing A/C: $xxx Equity Release A/C: $yyy These loans are secured against the existing property. Then you have a separate loan against the new property you are...